SE World Turned Upside Down
Started by malthus
almost 17 years ago
Posts: 1333
Member since: Feb 2009
Discussion about
My summary of the last 24 hours on SE: 3/18 Bulls: The market has been up for a week, banks are making money, the Fed is pumping money into the system ... buy now or be priced out forever. Bears: We are in the second inning of a deflationary environment and have a long way to go. 3/19 (Former) Bulls: The house passed a tax on bonuses. NYC is about to become Mogadishu. Where's Travis Bickle? Bears: It won't be that bad. Calm down.
Bickle bought a restaurant downtown and invested in Manhattan real estate.
lol.
We have definitely entered a new phase here in Manhattan RE (and Manhattan in general).
And it is worse than I thought.